Saturday, October 22, 2016

Bengaluru-based regional airline Air Pegasus hopes to be back in the air by November 15.

In a four-page communication to the Directorate-General of Civil Aviation (DGCA) earlier this month, the airline said it hopes to bring in an ATR 72-500 aircraft by then.

In the communication, the airline listed out of the problems it had faced, including the issue of a leasing company first agreeing to a deferred system of payment for the lease rentals according to which Air Pegasus was to pay a certain amount as lump-sum and the remaining in instalments. However, the leasing company went back on the agreement, the communication said.

The airline also listed the various issues that it had faced with the Indian authorities, including its Air Operators Permit getting delayed, which forced its aircraft to sit idle.
21/10/16 Ashwini Phadnis/The Hindu Business Line